Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Sale of Property Loans (Project Glas) By Permanent TSB: Discussion

11:30 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

The bank has, however, sold off some properties - second homes - if people handed over the keys. Mr. Masding has said that. In some of these cases, where the loans are not performing or there are second homes in respect of which the loans are not performing, where they are paying in full for their primary home but they are not paying for the second one, is it a matter of their not handing back that property to the bank or is it the case that the bank has decided to lump the two together?

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